Brick Duplex With Private
For Sale
$888,000
2050 E 41st Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,890 SF
Lot Size0.04 Acres
Price / SF$469.84
Days on Market43
Property Features for 2050 E 41st Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
Laundry Area, Stove
Basement
Finished
Subdivision
Flatlands
Standard status
Active
Size
1,890 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6131
Building Details
Year built
1925
Floors in Building
2
Flooring type
Parquet Wood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Lucy Ciocia
(718) 368-2500
Added: Jul 28
Changed: Sep 5
Last Checked: Sep 8 at 5:06PM
MLS# 503356
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,890-square-foot brick duplex in Brooklyn includes three bedrooms and two bathrooms. The finished basement has front and rear entrances, fire-rated doors, a 3/4 bath, and a summer kitchen. Interior features include a renovated kitchen, updated bathroom, parquet wood flooring, a laundry area, and a stove.
The property occupies 0.0421 acres and is zoned R5. Private rear parking accommodates up to three cars. Recent property improvements include a new rubber roof, new gutters, granite front steps, and a new A.O. Smith water heater. Built in 1925, the home has a flat roof and is located in Brooklyn, NY 11234.
The property occupies 0.0421 acres and is zoned R5. Private rear parking accommodates up to three cars. Recent property improvements include a new rubber roof, new gutters, granite front steps, and a new A.O. Smith water heater. Built in 1925, the home has a flat roof and is located in Brooklyn, NY 11234.
Key Highlights
- 1,890‑square‑foot brick duplex with three bedrooms and two bathrooms
- Finished basement with front and rear entrances, fire‑rated doors, 3/4 bath, and summer kitchen
- Private rear parking for up to three cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,191
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,820
$1.3M
Cap Rate 7%
$945,586
$945.6K
Cap Rate 9%
$735,456
$735.5K
Market Conditions
NOI Build-Up for 1,890 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.4K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$94.6K $50.03/SF
− OpEx
−$28.4K −$15.01/SF
NOI
$66.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,820
Cap Rate 7%
$945,586
Cap Rate 9%
$735,456
Alternative Uses
Best Use
Multifamily LT 5
$945.6K
$827.4K – $1.10M
NOI $66,191 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$824.3K
$721.3K – $961.7K
NOI $57,700 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom brick residence with a finished basement, updated kitchen, and rear parking for up to three vehicles.
Where is this duplex located?
The property is located at 2050 E 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: 1,890‑square‑foot brick duplex with three bedrooms and two bathrooms; Finished basement with front and rear entrances, fire‑rated doors, 3/4 bath, and summer kitchen; Private rear parking for up to three cars
